Barry Ritholtz, Columnist

Business Loves Government Hand-Holding

Everyone from high-tech manufacturers to sports-team owners wring subsidies out of local politicians.

July 31, 2017 at 4:23 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

He, um, outfoxed everyone.
Photographer: Andrew Harrer/Bloomberg

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America’s titans of industry and finance work hard to convince us that they are masters of their fate, unbeholden to anyone or anything aside from the profit motive and whatever serves the greater good of business and free enterprise.

If only it were so, because the reality is that too many of them are afraid of undertaking new ventures without government holding their hand for reassurance, tax abatements, loans, subsidies or -- in some instances -- all of the above.